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Introduction to opentaps Standard Costing Standard costs are predetermined costs assigned to inventory items which are based on the typical raw materials prices and manufacturing costs for the finished goods under normal conditions.Some manufacturers prefer to use standard rather than actual costs when accounting for the value of their inventory.NOTE: If you have standard cost configured for your organization and your product has standard costs defined as well, then you can receive the product before it is completed during a production run.The product will be received into inventory at its standard cost, and the reconciliation of standard versus actual manufacturing cost will occur when the production run is completed.best dog fence ~ electronic dog fence reviews ~ petsafe deluxe ~ bury dog fence wire ~ dog training fence ~ ef 3000 gold ~ innotek sd ~ sport dog sdf 100 ~ dog fence twisted wire ~ dog fence trencher ~ wireless fence review ~ smart dog ht-023 ~ above ground dog fence ~ innotek sd 3000 ~ petsafe wireless containment ~ petsafe prf 3004w ~ innotek pet fence ~ ef 4000 ~ petsafe stubborn dog fence ~ perimeter technologies dog fence ~ innotek wireless fence I need a thousand feet of wire for a one acre lot.

Suggest ASAP as I need to implement it during this month end closure. Opentaps can support using standard rather than actual costs for inventory management.Configuring for Standard Costs To configure using standard costing proceed as follows: Updating the Standard Costs When you need to update your Standard Costs to more current values, you will perform what is sometimes called a "cost roll" where the values are updated.On deleting the standard cost estimate and updating the value using CKME, sytem updated the current standard price.2.On chaning the message control to warning and updating the price using CKME, system updated the current standard price without deleting the current planned price. Current planned price exists as it is but the current standard cost is changed with marked PUP price.

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